The lab-grown diamond label here to transform the jewellery industry harpersbazaar.com
Month: February 2021
As the world of manufacturing rebounds from the bottoms hit in 2020, precious metals owners could stand to benefit from industrial applications stoking demand for the metals. Recently, one precious metal stood out from the rest with a recent price rally: platinum.
Platinum prices have recently reached a 6-1/2-year high.
While impressive on its own, this could be the start of a much larger rally. Platinum’s price has more than doubled from an 18-year low in March 2020, to over $1,300/oz. earlier this week. This was the highest price for the metal since September 2014 and many experts believe this metal has only just begun to climb.
The world’s no. 1 platinum miner recently said that the price of platinum could grow over 80% in the next four to five years.
Sibanye-Stillwater is the world’s number one platinum producing miner. In an interview with Bloomberg in January, CEO Neal Froneman said, “Platinum has only just started to re-rate, and it will continue. There is no reason why platinum will not eventually trade at $2,000 an ounce and probably even higher.”
Froneman and other experts, such as analysts at Citi, believe platinum’s price growth could continue to be strongly supported by the manufacturing sector’s rally over the next few years.
Manufacturing rebounds could push the precious metal even higher.
The reasoning is simple. Platinum is used in many industrial applications that have been halted during shutdowns over the last year. As manufacturing is set to rise in the next year, the demand for platinum could be propelled along with it.
For example, platinum is used in catalytic converters for diesel-engine vehicles. Like platinum’s sister metal palladium (which is used in catalytic converters for gasoline-engine vehicles), the demand for platinum could rise based on new green requirements for vehicles. Platinum is used in “electrolysers”, which can make hydrogen fuel cells as an alternative power source for cars, trains, and ships. Analysts at Bank of America predict that demand for platinum in fuel cell-power could rise by 2 to 4 million ounces a year by 2030.
Harry Barr, chairman and chief executive officer of New Age Metals Inc., told The Wall Street Journal, “It looks like it’s the start of a super cycle for metals in general, and especially for green metals.”
With these positive outlooks, consider making your move into platinum today before the platinum rally could take off and break out to even higher levels. Physical platinum ownership today could turn into long-term gains for your portfolio in the future.
The post Platinum Hits a Six-year High and Could Go Higher appeared first on U.S. Money Reserve.
“When [silver] gets over $30 an ounce, that’s when we’re going to see the real fireworks.”— Tim Murphy, Scottsdale Bullion & Coin Advisor
Suggested Reading: “Silver, a Sleeping Giant” Request Your Free Copy Here!
You knew this day was coming…
…when physical demand for silver would outpace supply, disrupting the paper markets, freezing the big bullion banks’ market manipulation, and finally revealing the REAL PRICE OF SILVER.
Guess what?
Your wait is over:
‘The demand for silver may temporarily exceed available supply that is acceptable for delivery to the Trust, which may adversely affect an investment in the Shares.
‘It is possible that Authorized Participants may be unable to acquire sufficient silver that is acceptable for delivery to the Trust for the issuance of new Baskets due to a limited then-available supply coupled with a surge in demand for the Shares.
‘In such circumstances, the Trust may suspend or restrict the issuance of Baskets. Such occurrence may lead to further volatility in Share price and deviations, which may be significant, in the market price of the Shares relative to the NAV.’ — February 3, 2021 amendment to the iShares Silver Trust prospectus following the frantic addition of 3,416 tons of silver to SLV from the LBMA’s London vaults.1
You read that right…
…the #SILVERSQUEEZE RALLY IS ON!
You know the only thing left to do?
Get in on the #SILVERSQUEEZE. The Reddit group WallStreetSilver certainly is.
I’m 41 – never bought silver in my life from r/Wallstreetsilver
Buy Silver. Buy Now. Buy Smarter
Buy physical silver before real silver prices turn the silver market upside down. (Watch the video for more on this from precious metals advisors Tim Murphy and Todd Graf.)
Just make sure you are investing in the silver products with the greatest upside potential. See how. Read our FREE Silver Investor Report now.
Unlock Silver Investor Trade Secrets in our Investor Report.
Get Your Free Report
Don’t Miss These Handpicked Articles & Videos
End Game for Silver Market Manipulation
10 Factors that Influence Silver Prices
Why this Rally’s Bigger than #SilverSqueeze
3 Elite Category Investments with Huge Upside Potential
3 Silver Stocks with a Shiny Outlook FX Empire
Endeavour Silver Strong Q4 2020, Preparing Construction of Terronera
Video Interview update with Bradford Cooke — Founder & CEO of Endeavour Silver and Commodity-TV’s Jochen Staiger.
Endeavour Silv…
Thu, 02/18/2021 – 12:07
SLV is Stealing Earning Power from You! Here’s How
From 2006 to April of this year, the SLV investor has seen their exposure to silver reduced by 75 ounces on their 1,000-share investment!
Jeff Clark
Thu, 02/18/2021 – 12:01
Silver Price Daily Forecast – Silver Retreats Despite Weaker Dollar FX Empire
Silver Price Forecast – Silver Markets Drop Slightly on Thursday FX Empire
Silver Price Forecast: Rising US Yields a Problem? – Levels for XAG/USD DailyFX
Financial Times/Chris Giles/2-15-2021
“Joe Biden’s strategy for the US economy is the most radical departure from prevailing policies since Ronald Reagan’s free-market reforms 40 years ago. With plans for public borrowing and spending on a scale not seen since the second world war, the administration is undertaking a huge fiscal experiment. The whole world is watching.”
USAGOLD note: What Reagan-Volcer were to runaway inflation (verging on hyperinflation), Biden-Yellen-Powell are to runaway disinflation (verging on deflation). Investors sense the changes Financial Times makes the centerpiece of this “Big Read” and are buying the precious metals to bridge this new, paradigm shift. It’s ‘go big or go home’ and the dollar could become the most direct casualty. (Note the portrait of Franklin Delano Roosevelt in a position of prominence over the fireplace.)
The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.